Bloomberg reports that investors are seeking to cash out of the company at a valuation of hundreds of millions of dollars.

The ticketing company that acquired Boiler Room may be on the block, according to published reports.

Lucas Shaw, writing for Bloomberg’s Screentime newsletter, reports that the London-based ticketing company DICE is in talks to sell a “significant” stake in the company. Private equity is in the lead.

Such a sale will value the overall business at hundreds of millions of dollars.

DICE has raised hundreds of millions from investors so far, at least one of which — Japanese equity giant Softbank is mentioned specifically — is seeking to cash out.

DICE acquired Boiler Room — also significantly funded by venture capital — in 2021.

Shaw reports that the “most notable” part of this rumor is the type of buyers that are lining up for a piece of DICE. “At least three of the interested parties are private equity firms,” Shaw writes, citing conversations with “a few people directly involved.”

The report is part of a broader trend of private equity companies investing in the live music sector, including KKR’s purchase of European promoter Superstruct and Blackstone acquiring a stake in Ambassador Theatre Group.